INDUCED TAXES
In the context of fiscal policy and macroeconomics, a tax that changes based on a country’s gross domestic product (GDP) changes. The connection between induced taxes and GDP is upbeat. As real GDP increases, taxes rise; and vice versa. The government may use this to settle economic challenges by escalating taxes in a healthy economy to yield additional income and decreasing them in a slow economy to prod consumption.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
